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The child needed immediate medical attention at National Institute of Mental Health and Neuro Sciences (Nimhans) in Bangalore. The child’s father, Ibrahim Hadi, told DNA that earlier, when they had contacted the office of Kingfisher Airlines and...
They requested the word 'must' to be changed to 'have' in order to be allowed entry. No amount of persuasion helped, and the officials were firm on not letting Hadi into the flight. All efforts to contact Kingfisher Airlines official who had given the...
Members of the ground staff watch the inaugural flight of an Air India Boeing 777 as its approaches to land on a new runway at the Indira Gandhi International Airport (IGIA) in New Delhi in this August 21, 2008 file photo. India's tax officials have... View Photo »
It (Kingfisher Airlines) is right now an NPA (non-performing asset). In Q3, it was sub-standard. Until such time the default is cleared, banks are finding it difficult to lend more. If Kingfisher becomes an NPA, we don't have a choice. Neither does the company
The bank, which has around Rs 400 crore exposure to the aviation sector, has Rs 320 crore exposure to Air India. The rest is to the private sector carrier Kingfisher Airlines, in the form of a bank guarantee to Hindustan Petroleum. The oil company...
According to Panchayati Raj and Tribal Affairs Minister and former chairman of the high-powered committee on public undertakings Kishore Chandra Deo, the ill-fated shotgun wedding scripted by former civil aviation minister Praful Patel in 2007 between...
On Tuesday a group of ministers has decided to allow airlines to import jet fuel directly. The move could help them cut fuel costs by up to 20%. Fuel usually accounts for about half of a carrier’s operating costs. Kingfisher Airlines, which is both...
A Kingfisher Airlines Airbus passenger aircraft prepares to take-off at Mumbai airport in this April 11, 2007 file photo. India's tax officials have frozen 11 bank accounts of Kingfisher Airlines and 10 of Air India earlier this month as they have... View Photo »
We would like to clarify that any plans we may have for Whyte & Mackay has nothing to do with Kingfisher Airlines. We have talked about listing Whyte & Mackay right from the time of acquisition
The debt-ridden airline was suspended from ICH earlier this month because of non-payment of dues. ICH is the nodal agency that enables airlines from different countries to settle interline billings. “Kingfisher Airlines is currently not in default of...
Etihad Airways and Qatar Airways said they have no interest in taking a stake in struggling Indian carrier Kingfisher Airlines, which is grappling with a pile of debt and on the hunt for fresh equity. Abu Dhabi's Etihad and Qatar Airways said yesterday...
Kingfisher Airlines Limited is an airline based in Bangalore, India. It is a major Indian airline operating 218 flights a day and has a network of 38 destinations, with plans for regional and long-haul international services. Its main bases are Bangalore International Airport, Bangalore, Chhatrapati Shivaji International Airport, Mumbai, Rajiv... Full Article
Chairman of the United Breweries Group, Kingfisher Airlines, and Rajya Sabha, MP Vijay Mallaya arrives at Parliament in New Delhi on November 23, 2011. Price rises, black money, and Telangana were among a host of issues that disrupted Parliament on the second day of the winter session.
View Photo »A Kingfisher Airlines passenger aircraft flies past a statue of Prithviraj Chauhan, the last Hindu ruler of Delhi, in New Delhi November 15, 2011. A defiant Kingfisher Airlines Chairman Vijay Mallya sought to assuage worries about the future of his airline but offered few new concrete...
View Photo »Vijay Mallya, Chairman and CEO of India's Kingfisher Airlines, surrounded by bodyguards, leaves after addressing the news conference in Mumbai on November 15, 2011. Kingfisher Airlines said Tuesday it had doubled its losses in the July-September quarter, as its billionaire chief Vijay...
View Photo »Vijay Mallya, Chairman and CEO of India's Kingfisher Airlines, looks over his shoulder during the news conference in Mumbai on November 15, 2011. Kingfisher Airlines said Tuesday it had doubled its losses in the July-September quarter, as its billionaire chief Vijay Mallya was set to...
View Photo »Kingfisher Airlines Chairman Vijay Mallya speaks during a media conference in Mumbai, India, Tuesday, Nov. 15, 2011. The owner of India's beleaguered Kingfisher Airlines sought to downplay its problems even as the company posted a second quarter loss Tuesday of 4.69 billion rupees ($93...
View Photo »Kingfisher Airlines Chairman Vijay Mallya (C) arrives for a news conference in Mumbai November 15, 2011. India's cash-strapped Kingfisher Airlines doubled its loss in the September quarter on higher fuel prices and operating costs amid investor worries about its ability to remain aloft...
View Photo »Chairman and CEO of India's Kingfisher Airlines Vijay Mallya looks during a press conference in Mumbai on November 15, 2011. Kingfisher Airlines said it had doubled its losses in the July-September quarter, as its billionaire chief Vijay Mallya was set to announce plans to keep the...
View Photo »An employee speaks on a mobile phone inside a Kingfisher Airlines city office in New Delhi November 15, 2011. Cash-strapped Kingfisher Airlines, which has cancelled scores of flights in recent weeks, cannot afford to fly heavily loss-making routes, its chairman said on Tuesday.
View Photo »An Airline crewstaff walks past a Kingfisher Airlines aircraft parked at the Indira Gandhi International Airport in New Delhi on November 15, 2011. Kingfisher Airlines said it had doubled its losses in the July-September quarter, as its billionaire chief Vijay Mallya was set to announce...
View Photo »A Kingfisher Airlines booking counter lies nearly deserted in Mumbai, India, Friday, Nov. 11, 2011. Kingfisher, which is partly owned by brewery tycoon Vijay Mallya, has canceled more than 120 flights this week as pilots and crew called in sick after their October salaries were delayed.
View Photo »A closed sign is displayed at a Kingfisher Airlines booking counter in Mumbai, India, Friday, Nov. 11, 2011. Kingfisher, which is partly owned by brewery tycoon Vijay Mallya, has canceled more than 120 flights this week as pilots and crew called in sick after their October salaries were...
View Photo »A Kingfisher Airlines Airbus passenger aircraft prepares to take off for Mumbai airport, in this April 11, 2007 file photo. India's civil aviation minister Vayalar Ravi on November 11, 2011, said he would talk to Finance Minister Pranab Mukherjee to get financially-troubled Kingfisher...
View Photo »A lone traveller (background) makes inquiries at the Kingfisher Airlines booking counter at the city airport in Mumbai on November 11, 2011. Shares in India's Kingfisher Airlines fell more than 19 percent on Friday after a string of flight cancellations heaped further problems on the...
View Photo »A statue of Hindu God Shiva stands in the foreground as a Kingfisher Airlines flight approaches the Indira Gandhi International airport in New Delhi, India, Friday, Nov. 11, 2011. Kingfisher, which is partly owned by brewery tycoon Vijay Mallya, has canceled more than 120 flights this...
View Photo »The reflection of a security guard is seen on the window of a closed Kingfisher Airlines booking counter at the city airport in Mumbai on November 11, 2011. Shares in India's Kingfisher Airlines fell more than 19 percent on Friday after a string of flight cancellations heaped further...
View Photo »Members of the ground staff watch the inaugural flight of an Air India Boeing 777 as its approaches to land on a new runway at the Indira Gandhi International Airport (IGIA) in New Delhi in this August 21, 2008 file photo. India's tax officials have frozen 11 bank accounts of Kingfisher...
View Photo »A Kingfisher airlines aircraft prepares to land at the Indira Gandhi International Airport in New Delhi on November 15, 2011. Kingfisher Airlines said Tuesday it had doubled its losses in the July-September quarter, as its billionaire chief Vijay Mallya was set to announce plans to keep...
View Photo »A fruit seller walks past a travel agency office in New Delhi November 14, 2011. Kingfisher Airlines has been asked to raise $160 million in equity by creditors and the cash-strapped carrier is considering a proposal to sell property to help pave the way for debt restructuring, a senior...
View Photo »An Indian pedestrian passes a King Fisher airline advertisement in New Delhi on November 14,2011. The board of India's struggling Kingfisher Airlines met Monday to look for ways to slash the company's debt and keep the country's second-largest carrier flying, one of its creditors said. ...
View Photo »Chairman of the United Breweries Group, Kingfisher Airlines, and Rajya Sabha, MP Vijay Mallaya arrives at Parliament in New Delhi on November 23, 2011. Price rises, black money, and Telangana were among a host of issues that disrupted Parliament on the second day of the winter session.
View Photo »It (Kingfisher Airlines) is right now an NPA (non-performing asset). In Q3, it was sub-standard. Until such time the default is cleared, banks are finding it difficult to lend more. If Kingfisher becomes an NPA, we don't have a choice. Neither does the company
We would like to clarify that any plans we may have for Whyte & Mackay has nothing to do with Kingfisher Airlines. We have talked about listing Whyte & Mackay right from the time of acquisition
Any plans we may have for W&M have nothing to do with Kingfisher Airlines
That Kingfisher Airlines is in trouble does not mean the brand Kingfisher is in trouble or that the extension itself was doomed. This just says it failed to adapt to certain economic circumstances.
We have already announced that Kingfisher Airlines will fly on commercially viable routes and this is in full compliance of DGCA's (Directorate General of Civil Aviation) route dispersal guidelines
Kingfisher Airlines' vendors cut off credit for repair and replacement of inventories. Thus, its inventory of spares depleted and it had remove parts from one plane and fit it to another to keep the aircraft flying
His liquor company United Breweries is still a safe bet, with good market share and muscle. He may not be able to save Kingfisher Airlines, but otherwise he will be fine.
To write the epitaph of Kingfisher Airlines constantly is not fair.
Major airlines such as Air India, Jet Airways, Kingfisher Airlines and SpiceJet have flown into debt turbulence due to elevated fuel costs and fierce price wars. Airlines could suffer losses worth about Rs 15,000 crore in the current financial year with Air India alone likely to account for more than ha...
If a company like LIC, the largest domestic institutional investor, puts money in Kingfisher Airlines, it will give confidence to the lenders as well
Kingfisher Airlines can either look at partly selling itself to an international player, till FDI (foreign direct investment) from international airlines is permitted. Another alternative is to find a strong domestic investor
It may take about 15 days for SBI Caps to come up with a viability study and Kingfisher Airlines has made it clear that it needs funding immediately. Therefore, the airlines will have to quickly come up with their plans of infusing equity
When a company like Kingfisher Airlines is in trouble, the usual route is for the promoters to raise more equity. Till the crucial reform of FDI in airlines works its way through the UPA’s policy paralysis, the best approach is to insist that promoters clean up their own mess with their own money, or by...
The government must not hand out sops to struggling private flyers like Kingfisher Airlines ... Most [airlines] blame high fuel charges, a weakening rupee and competition for their woes. That is rubbish.
Kingfisher Airlines will have to raise funds
I started buying Satyam when prices touched Rs 20 levels. It was a pure trading call. I made good money on that stock. I don't see such an opportunity in Kingfisher Airlines
Other airlines were making losses too. To write the epitaph for Kingfisher Airlines constantly is neither fair nor accurate
At this point in time, Kingfisher Airlines is not considering any such change.
If a promoter group company lends to another group company, then it becomes a lender of last priority, which means had Shaw Wallace given this money it would have been repaid last after all other creditors of Kingfisher Airlines
Kingfisher Airlines is trying its best to reduce its costs. But it will take at least six months to get results of these measures
Spent 6 hours with the media today to share facts about Kingfisher Airlines. Was pushed, shoved and yelled at in a frenzy to get a byte
Kingfisher Airlines has a huge amount of debt on the balance sheet, and has never made a profit since its inception. Despite the company working hard with lenders for corporate debt restructuring, business viability is a big challenge. Going forward, promoters would need to infuse more capital in the co...
There is no demand for funds from Kingfisher. The company has not defaulted. We are not seeing any repayment difficulties from Kingfisher Airlines.
Kingfisher Airlines’ accounts with banks are standard. We have not defaulted on any loans or interest to be paid ... We could have handled the flight cancellations in a better way. We made some mistakes.
Mallya’s flamboyant lifestyle is responsible for the debts that Kingfisher Airlines has incurred
